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Posted: December 20, 2016
2016 Year in Review: Paul Amrich, CBRE
Paul Amrich, CBREName & Title: Paul Amrich, Vice-Chairman
Company Name: CBRE
What was your most notable project, deal, transaction or professional achievement in 2016?
Leased the entire building, a 30-year 389,522 RSF transaction, to NYU Langone at 222 East 41st Street on behalf of Columbia Property Trust. Irrespective of size and length of term, the transaction was extremely complex and involved negotiating four documents simultaneously to conclude the deal. The most prominent professional achievement is being honored with the Diabetes Research Institute’s leadership award at the 2016 Empire Ball.
What project, transaction, market trend or product had the greatest impact on your industry this year?
Large corporations delinking occupancy and location primarily due to creating a more collaborative environment driven towards attracting new tenant/employees. The city today is as flat as I have seen in my entire career – meaning all industry groups are considering midtown, midtown south and downtown as great relocation alternatives, not primarily driven by economics but by 24/7 environment, commuting patterns and recruiting tool.
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